India, EU eye stronger trade ties amid looming US tariffs, global uncertainty
The European Union and India are scheduled to hold critical discussions this Friday to bolster trade relations, driven by concerns that potential US tariffs could disrupt global commerce. This meeting takes on increased significance as experts suggest that the looming threat of a trade war with the US, particularly under a potential second Trump administration, necessitates that both India and the EU explore and solidify alternative trade partnerships.
The discussions will include the second Trade and Technology Council session, mirroring a similar partnership India has with the United States. While India and the EU have been pursuing a free-trade agreement (FTA) for an extended period, progress has been slow due to various sticking points. The urgency to finalize an FTA is now amplified by the geopolitical landscape and the potential for increased trade tensions with the US, pushing both sides to overcome previous obstacles.
via SCMP Full Text Feed
The European Union and India are scheduled to hold critical discussions this Friday to bolster trade relations, driven by concerns that potential US tariffs could disrupt global commerce. This meeting takes on increased significance as experts suggest that the looming threat of a trade war with the US, particularly under a potential second Trump administration, necessitates that both India and the EU explore and solidify alternative trade partnerships.
The discussions will include the second Trade and Technology Council session, mirroring a similar partnership India has with the United States. While India and the EU have been pursuing a free-trade agreement (FTA) for an extended period, progress has been slow due to various sticking points. The urgency to finalize an FTA is now amplified by the geopolitical landscape and the potential for increased trade tensions with the US, pushing both sides to overcome previous obstacles.
via SCMP Full Text Feed
